Question: Williams Inc. has a current ratio equal to 3 , a quick ratio equal to 1 . 8 , and total current assets of $

Williams Inc. has a current ratio equal to 3, a quick ratio equal to 1.8, and total current assets of $6 million. Williams' inventory balance is (assume cash, AR, and inventory are the only current assets for Williams Inc.)
Instructions: Enter the answer in millions rounded to one decimal and do not include a dollar sign. If your answer is 2.75 enter 2.8 NOT $2.8,2.75, or 3.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!